Since it was invented over 200 years ago, the wristwatch has been an integral component of men’s fashion.
In addition to their practical functionality of telling time, a watch serves as a collectible piece of art that communicates the personality and style of its wearer.
With the help of Crown and Calibre, an Atlanta-based preowned-luxury watch marketplace, we’ve put together a list and commentary about the wristwatches worn by nine of the most powerful men in the financial services industry.
Scaramucci was seen during the World Economic Forum sporting a Breitling Avenger, a luxury watch that retails for $US5,835.
New York Magazine
Cliff Asness is one of the co-founders of AQR Capital Management, a global investment firm based in Connecticut, US. The firm manages $US180.6 billion as of December 31, 2016.
Asness is pictured in the prior slide wearing what the Swiss watch experts at Crown & Calibre believe to be a Patek Philippe Perpetual Calendar. It costs a whopping $US41,500 pre-owned.
The 'Oracle of Omaha' is known for his frugality. The 86-year-old investment legend still lives in the house he bought for $US31,500 in 1957 and he doesn't own a smart phone. But there is one the thing that gives away Buffett's vast fortune: his timepiece.
New York Times
James Gorman is the Chairman and CEO of Morgan Stanley, an American investment bank with over $US787 billion in assets as of 2015.
Gorman has been photographed wearing many different watches. In the image on the previous slide he is sporting a silver Rolex Daytona. The watch can be purchased on Amazon for $US12,198.99.
The NY Post
Ray Dalio is the founder of Bridgewater Associates, the largest hedge fund in the world by assets under management. The firm manages over $US104 billion as of December 2016.
With a net worth of over $US16.8 billion, Dalio can afford to buy a lot of watches.
At this year's World Economic Forum, Dalio was photographed sporting what appears to be an Apple Watch. They retail from $US269 to $US1049.
Despite his fortune of over $US10 billion, Stephen Schwarzman isn't flashy. The CEO of Blackstone Group, a private equity firm, uses a flip phone and prefers Swatches over luxury watches.
He's pictured in the previous slide wearing a sporty Swatch Sistem51, which retails for a modest sum of just $US150.00.
Crains New York
David Solomon is the president and co-chief operating officer of Goldman Sachs. He and Harvey Schwartz were named to succeed Gary Cohn in that role in December 2016.
Solomon has been photographed wearing a Shinola Runwell Chronograph. The watch retails for $US750 on Shinola.com.
Sergio Ermotti is the CEO of UBS Group, a multi-national financial services company based in Switzerland. Unsurprisingly the Swiss-native wears a Swiss watch.
He has been photographed wearing a leather band gold Rolex Daytona. A similarly styled Rolex Daytona can be purchased used for $US13,995 on Crown & Calibre.
Larry Fink is the chairman and chief executive officer of BlackRock, the biggest fund manager in the world, with over $US5 trillion in assets.
The team at Crown and Calibre wasn't a hundred per cent sure on this one. But their best guess is that Fink is wearing a Tag Heuer Grand Carrera in the picture on the previous slide. It goes for $US4,657.25 on Jomashop.com.
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